LanzaTech Global, Inc. (NASDAQ:LNZA) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of LanzaTech Global, Inc. (NASDAQ:LNZA) have earned an average rating of “Moderate Buy” from the four brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $6.33.

A number of equities research analysts recently issued reports on LNZA shares. Seaport Res Ptn restated a “buy” rating on shares of LanzaTech Global in a report on Friday, March 15th. Roth Mkm restated a “buy” rating and set a $6.00 price objective on shares of LanzaTech Global in a report on Monday, March 25th. Finally, TD Cowen initiated coverage on LanzaTech Global in a report on Tuesday, May 7th. They issued a “hold” rating and a $3.00 target price on the stock.

Institutional Trading of LanzaTech Global

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Barclays PLC increased its position in shares of LanzaTech Global by 119.5% in the 3rd quarter. Barclays PLC now owns 8,991 shares of the company’s stock worth $42,000 after purchasing an additional 4,895 shares during the last quarter. Swiss National Bank acquired a new position in LanzaTech Global in the third quarter worth about $301,000. Invesco Ltd. increased its holdings in LanzaTech Global by 14,760.6% in the third quarter. Invesco Ltd. now owns 1,565,569 shares of the company’s stock valued at $7,311,000 after buying an additional 1,555,034 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in LanzaTech Global during the 3rd quarter worth approximately $780,000. Finally, Dumac Inc. acquired a new position in shares of LanzaTech Global in the 3rd quarter worth approximately $4,899,000. Institutional investors own 17.76% of the company’s stock.

LanzaTech Global Trading Down 7.3 %

Shares of LNZA stock opened at $1.53 on Wednesday. The firm has a 50-day moving average price of $2.46 and a 200 day moving average price of $3.38. LanzaTech Global has a twelve month low of $1.51 and a twelve month high of $8.70. The company has a market capitalization of $302.53 million, a price-to-earnings ratio of -3.12 and a beta of 1.66. The company has a current ratio of 6.89, a quick ratio of 6.89 and a debt-to-equity ratio of 0.21.

LanzaTech Global (NASDAQ:LNZA) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.01). LanzaTech Global had a negative net margin of 152.29% and a negative return on equity of 79.28%. The business had revenue of $10.24 million during the quarter, compared to analyst estimates of $11.09 million. During the same quarter last year, the firm posted ($0.58) earnings per share. Research analysts forecast that LanzaTech Global will post -0.42 earnings per share for the current fiscal year.

LanzaTech Global Company Profile

LanzaTech Global, Inc operates as a nature-based carbon refining company in the United States and internationally. The company transforms waste carbon into the chemical building blocks for consumer goods, such as sustainable fuels, fabrics, and packaging. It is also developing biocatalysts and processes to produce a suite of additional products utilizing novel biocatalysts, including acetone and isopropanol (IPA) and industrial solvents used in various applications, including production of polymers from IPA.